The government is reducing the maximum PVC by almost one euro from this Tuesday after deciding in December to enforce that they cannot exceed €19.55 until June next year
Good news for those who remain loyal to the butane gas bottle, which is also becoming more common as a result of the war in Ukraine. The price drops again by almost a euro and from this Tuesday the maximum RRP drops to 17.66 euros, compared to the 18.58 euros in force since November 15 last year, according to a resolution published this Monday by the BOE .
The maximum RRP of liquefied petroleum gas (LPG) in containers of 8 to 20 kg (the traditional butane cylinder) is reviewed every two months on the third Tuesday of the month, by decision of the Directorate-General for Energy Policy and Mines. This revision is calculated based on the cost of raw materials (propane and butane) in international markets, as well as the cost of freight (transportation) and the evolution of the euro-dollar exchange rate. On the other hand, said price revision, upwards or downwards, is limited to 5%, with the excess or defect accumulated in the price for application in subsequent revisions.
Last December, within the framework of the Royal Decree of anti-crisis measures, the government established that the butane cylinder may not increase in price until June 30, 2023, so the maximum is set at 19.55 euros per 12 cylinder 0.5 kg over the next six months. This price corresponds to the latest revision published on November 15 and the parent text of which has been published in the Staatsblad. But in addition, it is now cheaper for the second time in a row, after two years of increases.
On the other hand, the government approved an improvement in the protection of vulnerable consumers that increases the minimum payment of the thermal social bonus from 25 to 40 euros -about two butane gas cylinders- and the maximum to 375 euros in 2023, depending on the climate zone.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
